MARKET UPDATE – WEEKLY SETUP THAT HAS TRADERS WATCHING CLOSELY
MARKET OVERVIEW
$WAL is showing one of the strongest technical structures in the crypto market on the weekly timeframe. After a sharp Q4 2025 correction of nearly 35%, price has reclaimed momentum in early 2026, already outperforming BTC, ETH, SOL, and most top-20 assets. The current recovery aligns with a broader Elliott Wave structure that suggests XRP may be entering its final impulsive phase for this cycle.
The multi-year trend that started in early 2023 remains intact, with higher highs and higher lows still respected on higher timeframes. The recent low near 1.82 appears to have completed a corrective Wave 4, opening the door for a Wave 5 expansion.
TECHNICAL STRUCTURE
$WAL is now transitioning from recovery into expansion. Weekly structure shows strength, clean retracements, and clear Fibonacci alignment. Momentum indicators are turning upward, and price is holding above key mid-range levels, suggesting accumulation rather than distribution.
KEY SUPPORT ZONES
Primary Support: 1.80 – 1.95
This zone marks the Q4 2025 capitulation low and the completion of the corrective structure. Holding above this keeps the bullish wave count valid.
Secondary Support: 2.30 – 2.45
A strong demand zone and prior consolidation area. Ideal for pullback continuation if momentum cools short term.
Major Trend Support: 2.00
Loss of this level would invalidate the current bullish scenario and delay upside expectations.
TRADE TARGETS – GREEN BOX SCENARIO
These targets are based on Fibonacci extensions and Wave 5 projections.
Target 1: 4.50
First major resistance and conservative Wave 5 completion zone. Partial profit recommended.
Target 2: 6.20
Mid-range expansion target where momentum may slow. Strong reaction expected.
Target 3: 8.39
Upper green box target and primary cycle objective. This completes the high-probability Wave 5 move.
EXTENDED UPSIDE (LOW PROBABILITY)
8.40 – 13.36
This zone represents a full extension scenario. Possible only with strong market expansion and sustained risk-on sentiment. Consider this a bonus outcome, not a base case.
SUMMARY
XRP remains technically strong on higher timeframes, with structure, momentum, and historical levels aligning. As long as price holds above the 1.80–2.00 support zone, the bullish roadmap toward the green box targets remains active. Risk management remains key, but structurally, XRP continues to stand out among major altcoins.#WriteToEarnUpgrade #ETHWhaleWatch #WriteToEarnUpgrade #TrumpNewTariffs #TrumpNewTariffs #BinanceHODLerYB #ZTCBinanceTGE
